Dollar Tree Stores Rises On Unusually High Volume (DLTR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Dollar Tree Stores (Nasdaq: DLTR) is trading at unusually high volume Friday with 7.8 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 92 cents (+2.3%) at $40.84 as of 2:46 p.m. ET.

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Dollar Tree Stores has a market cap of $9.02 billion and is part of the services sector and retail industry. Shares are down 2.1% year to date as of the close of trading on Thursday.

Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company has a P/E ratio of 16, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dollar Tree Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Dollar Tree Stores Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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